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China threatened to retaliate against EU sanctions

China has expressed strong displeasure over the inclusion of Chinese enterprises and banks in the EU's 18th package of sanctions against Russia," Logos Press reported, citing RBC.
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China threatened to retaliate against EU sanctions

The Chinese Ministry of Commerce noted that the sanctions were imposed on “far-fetched charges” despite repeated protests from China. Such actions contradict international law, are not authorized by the UN Security Council and undermine agreements between the Chinese and EU leadership.

“The European side’s actions are contrary to the spirit of consensus between the leaders of China and the EU and have a serious negative impact on economic and trade relations and financial cooperation between China and the EU,” the Ministry of Commerce said in a statement.

China called on the EU to immediately stop putting Chinese companies on the sanctions lists and promised to take “necessary measures” to protect the legitimate rights and interests of its organizations.

Recall that the EU agreed on a new package of sanctions in the morning of July 18. EU High Representative for Foreign Affairs and Security Policy Kaja Kallas called it “one of the toughest”, noting that thanks to the new restrictive measures, the EU will increase “pressure on the Russian military industry and Chinese banks.” The latter, Kallas said, allow the circumvention of sanctions and also block the export of technology used for drones.

As part of the 18th package, China’s Bellatrix Energy, Zhu Jiang Shipmanagement, ACE Electronic HK (registered in Hong Kong), Wuhan Global Sensor Technology and Shandong ODES Industry have fallen under European sanctions.


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